AT the end of June 2020, the S&P 500 is down 4.2% for the year whereas the Nasdaq is up by more than 16%.

After a very weak Q1, U.S. Equity Markets recovered in Q2 with the Nasdaq massively outperforming any other market.

Social Media, Online Retail, Cloud Computing, Software… have greatly contributed to that outperformance in H2.

The leaders are leading and the winners take all!

Same can be said when we look at what is performing in the S&P 500: mainly the fAAMg with the core three AMZN, AAPL, MSFT up more than 20% on the year and FB and GOOGL up single digit.

On a Country’, Asset Class’, Sector’, Industry, Commodity’, Currency’ level the first semester of 2020 has experienced massive dispersion.

Price Action is always very important and knowing what has underperformed or underperformed on different timeframes help massively.

If you would like to get an excel spreadsheet with the data for the S&P 500 sectors at the end of H1 2020, send an email to:

Find below some of the performances for H1 2020:


Asset Classes




I hope it helps,